AML/CFT - Anti-Money Laundering and Countering the Financing of Terrorism

Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) is one of the most dynamic and risky regulatory areas, particularly for entities in the financial industry. Entities subject to these regulations are under the constant supervision of state authorities and their implementation of AML/CFT obligations is thoroughly monitored by these authorities.

AML/CFT is also one of supervision priorities pursued by state authorities, as evidenced by the number of inspections, as well as the frequency and level of administrative penalties related to non-compliance in this area.

We have the necessary expertise and competence to comprehensively assist obliged entities and financial institutions in managing regulatory risk and ensuring the compliance with legislation in the area of AML/CFT. This is confirmed by successfully completed projects. Trust us and care of compliance in your organisation.

• We conduct audits of AML/CFT processes.
• We provide training in the scope of AML/CFT.
• We help design products, including KYC processes, in compliance with the AML/CFT regulations and business needs.
• We provide support during inspections carried out by supervision authorities (KNF, GIIF).
• We implement AML/CFT systems in the obliged institution, including the preparation of the necessary internal procedures.
• We offer advice on outsourcing of AML/CFT activities.
• We provide ongoing regulatory advice in the area of AML/CFT – we monitor and inform about any legislative changes in Polish and EU legislation, also at a level of draft acts of law.

We stand out due to our long-standing experience in advising entities from the financial sector. We know the nature of the industry and the nature of its business and the most frequent challenges faced by financial institutions. We provide advice, among others, to banks, insurance companies, providers of innovative payment services (Fintech), financial intermediation companies. We follow all the regulations that affect the financial sector on an on-going basis.

We possess unique expertise in the implementation of AML/CFT regulations. We handled dozens of licensing and inspection proceedings in the AML/ CFT area, consequently, we are aware of the expectations and requirements of regulators in the supervision practice. Our practical approach allows to optimise AML/CFT processes that remain compliant with the requirements of regulators and legal requirements, helping companies save time and resources in developing them and avoid administrative penalties.

We know how to support your institution in the scope of compliance in line with your business objectives and strategies.

• knowledge of the needs and problems faced by the sector of financial services,
• involvement of TKP experts in legislative processes – we are representatives of chambers and industry associations
• dozens of successfully completed projects,
• individual approach to each case, in-depth analysis of the problem and the ability to think out-of-the box and provide customised solutions,
• wide and comprehensive range of services,
• our extensive experience has been recognised in Polish and international legal rankings, such as the “Rzeczpospolita” journal ranking of law firms, Chambers Fintech, Legal500 EMEA,
• regular monitoring of legislative work and informing on an on-going basis on upcoming changes to ensure that organisations have adequate time to prepare for new responsibilities, speed of action and response to emerging difficulties.